As If Bear Has Not Been Screwed Enough - Now They Want To Castrate Him!

[noddyboy]

Quote from S2007S:

9 up days in a row.

Imagine 9 down days in a row??

They would probably have to pass another stimulus bill.

what is up 9 days in a row?

 

[S2007S]

Quote from noddyboy:

what is up 9 days in a row?

SPY etf

 

[noddyboy]

Quote from S2007S:

SPY etf

The SPX is technically down on Monday.

W 3/10/10 1145.61 +5.16 +0.45
T 3/ 9/10 1140.45 +1.95 +0.17
M 3/ 8/10 1138.50 -.20 -0.02

F 3/ 5/10 1138.70 +15.73 +1.40
T 3/ 4/10 1122.97 +4.18 +0.37
W 3/ 3/10 1118.79 +.48 +0.04
T 3/ 2/10 1118.31 +2.60 +0.23
M 3/ 1/10 1115.71 +11.22 +1.02

 

[Petsamo]

Noddyboy hasn't had enough. Long stock, long more gold?

 

[shortie]

Quote from Petsamo:

I wish we'd go down, but I wouldn't put that to near zero (I'm 60% long, 40% cash). Judging from the price action of EWZ, I'd say we go higher than 1150 tomorrow. I hope I'm wrong ...

so you are long and rooting for market decline. so that you could buy more?

 

[piezoe]

Quote from Specterx:

I have a grim feeling that we're headed for 1200+ now. It felt to me like this past week was The Decisive Moment when bears had to put up or shut up, put in a real lower high and return in force.

Of course they either got destroyed, or simply refused to even try. Remember the "head and shoulders" from June-July that was all over the news (even mainstream financial sites were commenting on it)? Anyone playing that got blown out - and I think it'll be the same here with this "double top," unless the Fed really slams on the brakes.

Sad reality is that the market is pricing in a full, no-strings-attached government rescue/bailout for any conceivable problem or difficulty. The government can potentially get away with this for years before something significant happens, and while there are massive problems down the road these aren't currently visible on the market's time horizon. Take the China RE bubble, for instance: it hasn't topped out yet, and in the US it was more than two years between the peak of the bubble in 2005 and the market top in 2007.

The corollary is that the markets are staggeringly fragile in that any withdrawal of government support would cause a decline - which is exactly why such support probably won't be withdrawn until either things get back to normal (almost def. not gonna happen), or a real crisis develops.

Yes, 1200, but not directly there -- we have to bust through 1050 first! --then some up and down and sideways on the way, of course. ETA, April 20th plus or minus 15 days. Then its a nice sell off. until sometime before the Fall election whence the market, of course, will have to be goosed again to keep the party in control in control. We don't want to have to get used to a new Treasury secretary all over again. And the Prospect of Phil Gramm as Treasury Secretary is enough to goose the market to the Stratosphere!

What goes up, always comes down!

Issac "The Magnificent" Newton, out.

http://apod.nasa.gov/apod/image/IsaacNewton.gif

 

[Petsamo]

Quote from shortie:

so you are long and rooting for market decline. so that you could buy more?

Yes. My personal objective is to acquire more shares without sinking any new money. Sell, then repurchase at a lower price.

 

[shortie]

E-mini S&P 500 (Dollar) Mar 10 1140.75 -5.00


who knows if this one will stick. we have not had a decent sell-off in a while. with the relentless buying it is easy to get the idea that the market will just keep going higher. yet, as happened many times before the drops could be very fast and furious.

~113 gap on SPY looks like an easy target to fill once/if there is a red day or two.

 

[Lojanica]

Quote from shortie:

E-mini S&P 500 (Dollar) Mar 10 1140.75 -5.00


who knows if this one will stick. we have not had a decent sell-off in a while. with the relentless buying it is easy to get the idea that the market will just keep going higher. yet, as happened many times before the drops could be very fast and furious.

~113 gap on SPY looks like an easy target to fill once/if there is a red day or two.

P/C ratios, cumulative breadth charts. range, and consecutive up/down days all point toward weakness.

Russell moving well, XLU sluggish.

A gap to fill at 1127. 7 days from now we'll be down to fill it. Just a guess after optios expiration plays out.

Good Luck

 

[madmaxer]

Dear traders,

Why so much discussion of whats going to happen tomorrow, next week or whatever.

Its so simple. If you are typically a counter trend trader, Then I think we are right around a semi good setup here. Do you agree, or I am hallucinating ?

Can this hit your stop?, YES of course. Should you avoid taking it if you see a sign of weakness ? IMHO you should not. Come on , whats the purpose of trading? You see a setup , evaluate it, and take it.. some works some don't.
I much prefer to take it and lose rather than not taking it and watch the damn thing fall later....

Thats all...